No E 3:00 P.M. JST, July 31, Consolidated Financial Results for the First Quarter Ended June 30, 2014

Size: px
Start display at page:

Download "No. 14-072E 3:00 P.M. JST, July 31, 2014. Consolidated Financial Results for the First Quarter Ended June 30, 2014"

Transcription

1 News & Information Konan, Minato-ku Tokyo Japan Consolidated Financial Results for the First Quarter Ended June 30, 2014 No E 3:00 P.M. JST, July 31, 2014 Tokyo, July 31, Sony Corporation today announced its consolidated financial results for the first quarter ended June 30, 2014 (April 1, 2014 to June 30, 2014). (Billions of yen, millions of U.S. dollars, except per share amounts) First Quarter ended June Change in yen 2014 * Sales and operating revenue 1, , % $17,920 Operating income Income before income taxes Net income attributable to Sony Corporation s stockholders Net income attributable to Sony Corporation s stockholders per share of common stock: - Basic % $ Diluted * U.S. dollar amounts have been translated from yen, for convenience only, at the rate of 101 yen = 1 U.S. dollar, the approximate Tokyo foreign exchange market rate as of June 30, All amounts are presented on the basis of Generally Accepted Accounting Principles in the U.S. ( U.S. GAAP ). Sony realigned its business segments from the first quarter of the fiscal year ending March 31, 2015 ( the current quarter ) to reflect modifications to its organizational structure as of April 1, 2014, primarily repositioning the operations of the previously reported Game and Mobile Products & Communications ( MP&C ) segments. In connection with this realignment, the previously-reported operations of the network business which were included in All Other have been integrated with the previously-reported Game segment and are now reported as the Game & Network Services ( G&NS ) segment. The previously reported Mobile Communications category which was included in the MP&C segment has been reclassified as the newly established Mobile Communications ( MC ) segment, while the other categories in the previously reported MP&C segment are now included in All Other. This includes the reclassification of the PC business into All Other. In addition, as of the current quarter, the power supply business, which was previously included in the Devices segment, has been integrated into All Other to reflect modifications Sony made to its organizational structure as of June 1, In connection with these realignments, the sales and operating revenue ( sales ) and operating income (loss) of each segment in the fiscal year ended March 31, 2014 have been reclassified to conform to the presentation of the fiscal year ending March 31, Certain figures for the fiscal year ended March 31, 2014 related to the Financial Services segment have been revised from the versions previously disclosed. For further details, please see Note 8 on page F-14. The average foreign exchange rates during the quarters ended June 30, 2013 and 2014 are presented below. First quarter ended June Change The average rate of yen 1 U.S. dollar % (yen depreciation) 1 Euro (yen depreciation) Consolidated Results for the First Quarter Ended June 30, 2014 Sales were 1,809.9 billion yen (17,920 million U.S. dollars), an increase of 5.8% compared to the same quarter of the previous fiscal year ( year-on-year ). This increase was primarily due to a significant increase in G&NS 1

2 segment sales, reflecting the contribution of the PlayStation 4 ( PS4 ) which was launched in November 2013, a significant increase in Pictures segment sales primarily due to higher theatrical revenues in Motion Pictures, as well as the favorable impact of foreign exchange rates. This increase was partially offset by a significant decrease in sales in All Other, primarily related to Sony s exit from the PC business. On a constant currency basis, sales increased 3% year-on-year. For further details about sales on a constant currency basis, see Note on page 9. Operating income increased 34.3 billion yen year-on-year to 69.8 billion yen (691 million U.S. dollars). This increase was primarily due to a significant improvement in the operating results of the G&NS segment partially offset by a significant deterioration in the operating results of the MC segment. Operating income during the current quarter includes a gain of 14.8 billion yen (146 million U.S. dollars) recognized on the sale of certain buildings and premises at Gotenyama Technology Center in Japan, recorded in Corporate and elimination. During the current quarter, restructuring charges, net, increased 10.6 billion yen year-on-year to 15.3 billion yen (151 million U.S. dollars). PC exit costs of 18.3 billion yen (181 million U.S. dollars) were recorded in the current quarter, which includes 10.8 billion yen (107 million U.S. dollars) of restructuring charges. In addition, 2.4 billion yen (24 million U.S. dollars) of impairment charges that are mainly related to LCD televisions were also booked in the current quarter. For further details about PC exit costs, see page 7. Equity in net income of affiliated companies, recorded within operating income, was 3.2 billion yen (32 million U.S. dollars), compared to a loss of 0.4 billion yen in the same quarter of the previous fiscal year. This improvement was mainly due to the recording of equity in net income for Intertrust Technologies Corporation compared to the equity in net loss in the same quarter of the previous fiscal year. The net effect of other income and expenses was an expense of 1.4 billion yen (14 million U.S. dollars), compared to income of 9.9 billion yen in the same quarter of the previous fiscal year. This was primarily due to the recording of a net foreign exchange loss in the current quarter, compared to the recording of a net foreign exchange gain in the same quarter of the previous fiscal year, as well as a decrease in other non-operating income, partially offset by an increase in gains on sale of securities investments. The sale of securities investments in the current quarter includes a 4.8 billion yen (48 million U.S. dollars) gain on the sale of Sony s shares in SQUARE ENIX HOLDINGS CO., LTD., which were sold in April, Income before income taxes increased 23.0 billion yen year-on-year to 68.4 billion yen (677 million U.S. dollars). Income taxes: During the current quarter, Sony recorded 26.0 billion yen (258 million U.S. dollars) of income tax expense, resulting in an effective tax rate of 38.1%. Net income attributable to Sony Corporation s stockholders, which excludes net income attributable to noncontrolling interests, increased 23.7 billion yen year-on-year to 26.8 billion yen (265 million U.S. dollars). Operating Performance Highlights by Business Segment Sales and operating revenue in each business segment represents sales and operating revenue recorded before intersegment transactions are eliminated. Operating income (loss) in each business segment represents operating income (loss) reported before intersegment transactions are eliminated and excludes unallocated corporate expenses. Mobile Communications (MC) (Billions of yen, millions of U.S. dollars) First quarter ended June Change in yen 2014 Sales and operating revenue % $3,112 Operating income (loss) 12.6 (2.7) - (27) 2

3 Sales increased 10.1% year-on-year (a 2% increase on a constant currency basis) to billion yen (3,112 million U.S. dollars). This increase was primarily due to the favorable impact of foreign currency exchange rates. Smartphones sales increased year-on-year primarily due to the favorable impact of foreign currency exchange rates, partially offset by a decrease in unit sales. Operating loss of 2.7 billion yen (27 million U.S. dollars) was recorded, compared to operating income of 12.6 billion yen in the same quarter of the previous fiscal year. This deterioration was primarily due to the recording of a benefit of 7.0 billion yen from the reversal of a patent royalty accrual in the same quarter of the previous fiscal year as well as a year-on-year increase in marketing expenses and research and development expenses in order to expand sales channels and broaden the product portfolio. Game & Network Services (G&NS) (Billions of yen, millions of U.S. dollars) First quarter ended June Change in yen 2014 Sales and operating revenue % $2,550 Operating income (loss) (16.4) Sales increased 95.7% year-on-year (an 86% increase on a constant currency basis) to billion yen (2,550 million U.S. dollars). This increase was primarily due to the contribution from sales of PS4 hardware which was launched in November 2013, as well as a significant increase in network services revenues accompanying the launch of the PS4. Sales to external customers increased 101% year-on-year. Operating income of 4.3 billion yen (43 million U.S. dollars) was recorded, compared to an operating loss of 16.4 billion yen in the same quarter of the previous fiscal year. This significant improvement was primarily due to the above-mentioned increase in sales, partially offset by a decrease in PlayStation 3 ( PS3 ) software sales. Imaging Products & Solutions (IP&S) (Billions of yen, millions of U.S. dollars) First quarter ended June Change in yen 2014 Sales and operating revenue % $1,630 Operating income The IP&S segment includes the Digital Imaging Products and Professional Solutions categories. Digital Imaging Products includes compact digital cameras, interchangeable single-lens cameras and video cameras; Professional Solutions includes broadcast- and professional-use products. Due to certain changes in Sony s organizational structure, sales and operating revenue and operating income of the IP&S segment of the comparable prior period have been reclassified to conform to the current presentation. Sales decreased 9.0% year-on-year (a 10% decrease on a constant currency basis) to billion yen (1,630 million U.S. dollars). This decrease was primarily due to a significant decrease in unit sales of compact digital cameras reflecting a contraction of this market. Operating income increased 8.3 billion yen year-on-year to 17.4 billion yen (172 million U.S. dollars). This increase was mainly due to a reduction in selling, general and administrative expenses in the current quarter, partially offset by the above-mentioned decrease in sales. 3

4 Home Entertainment & Sound (HE&S) (Billions of yen, millions of U.S. dollars) First quarter ended June Change in yen 2014 Sales and operating revenue % $2,829 Operating income The HE&S segment includes the Televisions and Audio and Video categories. Televisions includes LCD televisions; Audio and Video includes Blu-ray Disc TM players and recorders, home audio, headphones and memory-based portable audio devices. Sales increased 3.8% year-on-year (a 2% increase on a constant currency basis) to billion yen (2,829 million U.S. dollars). This increase was primarily due to a significant increase in unit sales of LCD televisions, mainly in Europe and Asia-Pacific, partially offset by a decrease in sales of Blu-ray Disc TM players and recorders, and home audio reflecting a contraction of these markets and intensified competition. Operating income increased 4.3 billion yen year-on-year to 7.7 billion yen (76 million U.S. dollars). increase was primarily due to the above-mentioned increase in sales. This In Televisions, sales increased 10.5% year-on-year to billion yen (2,030 million U.S. dollars). Operating income* increased 2.7 billion yen year-on-year to 7.9 billion yen (78 million U.S. dollars). This improvement was primarily due to an increase in sales. * The operating income in Televisions excludes restructuring charges, which are included in the overall segment results and are not allocated to product categories. Devices (Billions of yen, millions of U.S. dollars) First quarter ended June Change in yen 2014 Sales and operating revenue % $1,823 Operating income The Devices segment includes the Semiconductors and Components categories. Semiconductors includes image sensors; Components includes batteries, recording media and data recording systems. Due to certain changes in Sony s organizational structure, sales and operating revenue and operating income of the Devices segment of the comparable prior period have been reclassified to conform to the current presentation. Sales decreased 3.3% year-on-year (a 5% decrease on a constant currency basis) to billion yen (1,823 million U.S. dollars). This decrease was primarily due to a decrease in sales of system LSIs, mainly those used for PS3s. Sales to external customers decreased 0.6% year-on-year. Operating income increased 1.7 billion yen year-on-year to 12.5 billion yen (124 million U.S. dollars). This increase was primarily due to the favorable impact of foreign exchange rates and an improvement in the operating results of the battery business, partially offset by an increase in expenses related to the launch of camera module production. * * * * * Total inventory of the five Electronics* segments above as of June 30, 2014 was billion yen (6,746 million U.S. dollars), a decrease of 8.0 billion yen, or 1.2% year-on-year. Inventory increased by 61.8 billion yen, or 10.0% compared with the level as of March 31, * The term Electronics refers to the sum of the MC, G&NS, IP&S, HE&S and Devices segments. 4

5 In connection with the realignment made from the first quarter of the fiscal year ending March 31, 2015, total inventory of the five Electronics segments as of June 30, 2013 and March 31, 2014 has been reclassified to conform to the presentation for the fiscal year ending March 31, For further details, please see page 1. Pictures * * * * * (Billions of yen, millions of U.S. dollars) First quarter ended June Change in yen 2014 Sales and operating revenue % $1,928 Operating income The Pictures segment is comprised of the Motion Pictures, Television Productions, and Media Networks categories. Motion Pictures includes the production, acquisition and distribution of motion pictures; Television Productions includes the production, acquisition and distribution of television programming; Media Networks includes the operation of television and digital networks. The results presented in Pictures are a yen-translation of the results of Sony Pictures Entertainment ( SPE ), a U.S.-based operation that aggregates the results of its worldwide subsidiaries on a U.S. dollar basis. Management analyzes the results of SPE in U.S. dollars, so discussion of certain portions of its results is specified as being on a U.S. dollar basis. Sales increased 22.6% year-on-year (an 18% increase on a constant currency (U.S. dollar) basis) to billion yen (1,928 million U.S. dollars) primarily due to a significant increase in sales for Motion Pictures. Sales for Motion Pictures increased mainly due to higher theatrical revenues as the current quarter benefited from the strong worldwide theatrical performances of The Amazing Spider-Man 2 and 22 Jump Street. Operating income increased 4.1 billion yen year-on-year to 7.8 billion yen (78 million U.S. dollars). Operating income increased year-on-year as the current quarter benefited from the above-mentioned higher Motion Pictures sales, while the same quarter of the previous fiscal year included the theatrical underperformance of After Earth. The same quarter of the previous fiscal year included a 106 million U.S. dollars (10.3 billion yen) gain recognized on the sale of SPE s music publishing catalog. Music (Billions of yen, millions of U.S. dollars) First quarter ended June Change in yen 2014 Sales and operating revenue % $1,157 Operating income The Music segment is comprised of the Recorded Music, Music Publishing and Visual Media and Platform categories. Recorded Music includes the distribution of physical and digital recorded music and revenue derived from artists live performances; Music Publishing includes the management and licensing of the words and music of songs; Visual Media and Platform includes various service offerings for music and visual products and the production and distribution of animation titles. The results presented in Music include the yen-translated results of Sony Music Entertainment ( SME ), a U.S.-based operation which aggregates the results of its worldwide subsidiaries on a U.S. dollar basis, the results of Sony Music Entertainment (Japan) Inc., a Japan-based music company which aggregates its results in yen, and the yen-translated consolidated results of Sony/ATV Music Publishing LLC ( Sony/ATV ), a 50% owned U.S.-based joint venture in the music publishing business which aggregates the results of its worldwide subsidiaries on a U.S. dollar basis. Sales increased 4.4% year-on-year (a 2% increase on a constant currency basis) to billion yen (1,157 million U.S. dollars). The increase in sales on a constant currency basis is primarily due to higher Music Publishing and Visual Media and Platform sales partially offset by lower Recorded Music sales. Sales of Music Publishing increased primarily due to an increase in revenue outside of the U.S. Recorded Music sales decreased primarily 5

6 resulting from the impact of a larger number of successful releases in the same quarter of the previous fiscal year, and the continued worldwide contraction of the physical music market. Best-selling titles included Michael Jackson s Xscape, Pharell Williams GIRL, and John Legend s Love In The Future. Operating income was essentially flat year-on-year at 11.4 billion yen (113 million U.S. dollars) due to cost reductions in Recorded Music being offset by a decrease in equity in net income from affiliated companies. Financial Services (Billions of yen, millions of U.S. dollars) First quarter ended June Change in yen 2014 Financial services revenue % $2,445 Operating income The Financial Services segment results include Sony Financial Holdings Inc. ( SFH ) and SFH s consolidated subsidiaries such as Sony Life Insurance Co., Ltd. ( Sony Life ), Sony Assurance Inc. and Sony Bank Inc. ( Sony Bank ). The results of Sony Life discussed in the Financial Services segment differ from the results that SFH and Sony Life disclose separately on a Japanese statutory basis. Certain figures for the fiscal year ended March 31, 2014 have been revised from the versions previously disclosed. For details, please see Note 8 on page F-14. Financial services revenue decreased 1.8% year-on-year to billion yen (2,445 million U.S. dollars) due to a deterioration of investment performance in the separate account at Sony Life, mainly resulting from a smaller year-on-year rise in the Japanese stock market. Revenue at Sony Life decreased 2.2% year-on-year to billion yen (2,147 million U.S. dollars). Operating income decreased 1.3 billion yen year-on-year to 43.8 billion yen (433 million U.S. dollars). This decrease was mainly due to a decrease in operating income at Sony Life. Operating income at Sony Life decreased 2.3 billion yen year-on-year to 37.2 billion yen (368 million U.S. dollars) primarily due to an increase in the amortization of deferred insurance acquisition costs mainly in variable insurance, driven by the above-mentioned deterioration of investment performance in the separate account. All Other (Billions of yen, millions of U.S. dollars) First quarter ended June Change in yen 2014 Sales and operating revenue % $1,275 Operating loss (16.9) (18.4) - (183) All Other includes the PC business. Due to certain changes in Sony s organizational structure, sales and operating revenue and operating loss of All Other of the comparable prior period have been reclassified to conform to the current presentation. Sales decreased 33.8% year-on-year (a 39% decrease on a constant currency basis) to billion yen (1,275 million U.S. dollars). This decrease was primarily due to a significant decrease year-on-year in unit sales of PCs reflecting Sony s exit from the PC business. Operating loss increased 1.5 billion yen year-on-year to 18.4 billion yen (183 million U.S. dollars). This deterioration was primarily due to the recording of PC exit costs, partially offset by an improvement in equity in net income (loss) for Intertrust Technologies Corporation. The following table provides PC exit costs and the total PC operating loss. 6

7 i. Expenses to compensate suppliers for unused components held by suppliers All Other (Billions of yen, millions of U.S. dollars) First quarterended June 30, 2014 Corporate Change and Consolidated from FY13 Elimination Total in yen Consolidated Total $ 49 ii. Early retirement costs etc (I) Restructuring charges (i + ii) (II) After-sales service expenses etc PC exit costs (I+II) Operating loss excluding exit costs (2.4) - (2.4) +2.4 (24) Total PC Operating Loss (18.5) (2.2) (20.7) (15.9) $(205) Cash Flows * * * * * For Consolidated Statements of Cash Flows, charts showing Sony s cash flow information for all segments, all segments excluding the Financial Services segment and the Financial Services segment alone, please refer to pages F-4 and F-12. In the Financial Services segment, certain figures for the fiscal year ended March 31, 2014 have been revised from the versions previously disclosed. For further details, please see Note 8 on page F-14. Operating Activities: During the current quarter, there was a net cash inflow of 66.2 billion yen (657 million U.S. dollars) from operating activities, compared to a net cash outflow of billion yen in the same quarter of the previous fiscal year. For all segments excluding the Financial Services segment, there was a net cash outflow of 27.5 billion yen (271 million U.S. dollars) for the current quarter, a decrease of outflow of billion yen, or 85.8% year-on-year. This decrease of outflow was primarily due to the positive impact of an improvement in net income after taking into account non-cash adjustments (including depreciation and amortization, other operating expenses, deferred income taxes and equity in net income of affiliated companies), a smaller increase in inventories, and a smaller increase in other receivables from component assembly companies, included in other current assets. This decrease of outflow was partially offset by the negative impact of a smaller year-on-year increase in notes and accounts payable, trade. The Financial Services segment had a net cash inflow of billion yen (1,006 million U.S. dollars), an increase of 33.7 billion yen, or 49.6% year-on-year. This increase was primarily due to a year-on-year decrease in the payment of surrender value amounts as well as an increase in insurance premium revenue resulting from an expansion of business at Sony Life. A lower increase of accounts receivable at SmartLink Network, Inc., a subsidiary of Sony Bank, also contributed to this increase of cash inflow. Investing Activities: During the current quarter, Sony used billion yen (1,235 million U.S. dollars) of net cash in investing activities, an increase of 83.0 billion yen, or 199.3% year-on-year. For all segments excluding the Financial Services segment, 0.2 billion yen (2 million U.S. dollars) was provided, a decrease of 37.0 billion yen, or 99.6% year-on-year. The decrease was primarily due to the sale and leaseback of machinery and equipment in the same quarter of the previous fiscal year. Sales of fixed assets and businesses in the current quarter included the sale of certain buildings and premises at the Gotenyama Technology Center in Japan and the sale of Sony s shares in SQUARE ENIX HOLDINGS CO., LTD. The Financial Services segment used billion yen (1,237 million U.S. dollars) of net cash, an increase of 46.0 billion yen, or 58.4% year-on-year. This increase was mainly due to a year-on-year decrease in proceeds from the sale of investment securities at Sony Bank. 7

8 In all segments excluding the Financial Services segment, net cash used in operating and investing activities combined* 1 for the current quarter was 27.3 billion yen (269 million U.S. dollars), a decrease of billion yen, or 82.6% year-on-year. Financing Activities: During the current quarter, billion yen (2,885 million U.S. dollars) of net cash and cash equivalents was used in financing activities, compared to billion yen of net cash and cash equivalents provided in the same quarter of the previous fiscal year. For all segments excluding the Financial Services segment, there was a billion yen (2,512 million U.S. dollars) net cash outflow, compared to a 94.2 billion yen net cash inflow in the same quarter of the previous fiscal year. This was primarily due to an issuance of straight bonds for Japanese retail investors in the same quarter of the previous fiscal year and the redemption of straight bonds and the repayment of a syndicated loan in the current quarter. In the Financial Services segment, financing activities used 45.5 billion yen (451 million U.S. dollars) of net cash, compared to 21.0 billion yen of net cash provided in the same quarter of the previous fiscal year. This was mainly due to a larger decrease in customer deposits at Sony Bank compared to the same quarter of the previous fiscal year. Total Cash and Cash Equivalents: Accounting for the above factors and the effect of fluctuations in foreign exchange rates, the total outstanding balance of cash and cash equivalents at June 30, 2014 was billion yen (6,806 million U.S. dollars). Cash and cash equivalents of all segments excluding the Financial Services segment was billion yen (5,108 million U.S. dollars) at June 30, 2014, a decrease of 73.7 billion yen, or 12.5% compared with the balance as of June 30, 2013, and a decrease of billion yen, or 36.0% compared with the balance as of March 31, Sony believes that it continues to maintain sufficient liquidity through access to a total, translated into yen, of billion yen (7,222 million U.S. dollars) of unused committed lines of credit with financial institutions in addition to the cash and cash equivalents balance at June 30, Within the Financial Services segment, the outstanding balance of cash and cash equivalents was billion yen (1,698 million U.S. dollars) at June 30, 2014, a decrease of 40.1 billion yen, or 18.9% compared with the balance as of June 30, 2013, and a decrease of 68.8 billion yen, or 28.6% compared with the balance as of March 31, *1 Sony has included the information for cash flow from operating and investing activities combined, excluding the Financial Services segment s activities, as Sony s management frequently monitors this financial measure, and believes this non-u.s. GAAP measurement is important for use in evaluating Sony s ability to generate cash to maintain liquidity and fund debt principal and dividend payments from business activities other than its Financial Services segment. This information is derived from the reconciliations prepared in the Condensed Statements of Cash Flows on page F-12. This information and the separate condensed presentations shown below are not required or prepared in accordance with U.S. GAAP. The Financial Services segment s cash flow is excluded from the measure because SFH, which constitutes a majority of the Financial Services segment, is a separate publicly traded entity in Japan with a significant minority interest and it, as well as its subsidiaries, secure liquidity on their own. This measure may not be comparable to those of other companies. This measure has limitations because it does not represent residual cash flows available for discretionary expenditures principally due to the fact that the measure does not deduct the principal payments required for debt service. Therefore, Sony believes it is important to view this measure as supplemental to its entire statement of cash flows and together with Sony s disclosures regarding investments, available credit facilities and overall liquidity. A reconciliation of the differences between the Consolidated Statement of Cash Flows reported and cash flows from operating and investing activities combined excluding the Financial Services segment s activities is as follows: (Billions of yen, millions of U.S. dollars) First quarter ended June Net cash provided (used) in operating activities reported in the consolidated statements of cash flows (133.0) 66.2 $ 657 Net cash used in investing activities reported in the consolidated statements of cash flows (41.7) (124.7) (1,235) (174.7) (58.5) (578) Less: Net cash provided by operating activities within the Financial Services segment ,006 Less: Net cash used in investing activities within the Financial Services segment (78.8) (124.9) (1,237) Eliminations * Cash flow used in operating and investing activities combined excluding the Financial Services segment s activities *2 Eliminations primarily consist of intersegment dividend payments. (156.9) (27.3) $ (269) 8

9 * * * * * Note The descriptions of sales on a constant currency basis reflect sales obtained by applying the yen s monthly average exchange rates from the same quarter of the previous fiscal year to local currency-denominated monthly sales in the current quarter. In certain cases, most significantly in the Pictures segment and SME and Sony/ATV in the Music segment, the constant currency amounts are after aggregation on a U.S. dollar basis. Sales on a constant currency basis are not reflected in Sony s consolidated financial statements and are not measures in accordance with U.S. GAAP. Sony does not believe that these measures are a substitute for U.S. GAAP measures. However, Sony believes that disclosing sales information on a constant currency basis provides additional useful analytical information to investors regarding the operating performance of Sony. * * * * * Outlook for the Fiscal Year ending March 31, 2015 The forecast for consolidated results for the fiscal year ending March 31, 2015, as announced on May 14, 2014, remains unchanged, as per the table below. (Billions of yen) July Forecast March 31, 2014 Results Change Sales and operating revenue 7,800 7, % Operating income Income before income taxes Net loss attributable to Sony Corporation s stockholders (50) (128.4) - Assumed foreign currency exchange rates for the remainder of the fiscal year ending March 31, 2015: approximately 103 yen to the U.S. dollar and approximately 137 yen to the euro. (Assumed foreign currency exchange rates for the current fiscal year at the time of the May forecast: approximately 103 yen to the U.S. dollar and approximately 137 yen to the euro.) The consolidated sales forecast remains unchanged from the May forecast due to downward revisions in several segments, primarily the MC Segment, being offset by downward revision risk that had been incorporated into Corporate and elimination in the May forecast. The forecast for costs related to the exit from the PC business and other strategic management initiatives remains unchanged at approximately 135 billion yen for the Sony Group, which is incorporated into the operating income forecast as an operating expense (costs in the previous fiscal year were billion yen). Of the above costs, approximately 80 billion yen is expected to be recorded as restructuring charges (restructuring charges in the previous fiscal year were 80.6 billion yen). The forecast for each business segment has been revised as follows: 9

10 July Forecast (Billions of yen) May Forecast March 31, 2014 Results Change - July Forecast vs. May March 31, 2014 Forecast Results Mobile Communications Sales and operating revenue 1,360 1,530 1, % +14.1% Operating income Game & Network Services Sales and operating revenue 1,240 1,220 1, Operating income (loss) (18.8) Imaging Products & Solutions Sales and operating revenue Operating income Home Entertainment & Sound Sales and operating revenue 1,230 1,260 1, Operating income (loss) (25.5) - - Devices Sales and operating revenue Operating income (loss) (12.4) Pictures Sales and operating revenue Operating income Music Sales and operating revenue Operating income Financial Services Financial services revenue 1,000 1, Operating income All Other, Corporate and Elimination Operating loss (261) (262) (227.8) - - Consolidated Sales and operating revenue 7,800 7,800 7, Operating income The forecast for each business segment is as follows: Mobile Communications Sales are expected to be below the May forecast primarily due to an expected decrease in unit sales of mid-range smartphones which were expected to significantly grow mainly in emerging market countries. Operating income is expected to be below the May forecast primarily due to the above-mentioned expected decrease in sales, partially offset by a reduction in marketing expenses and research and development expenses. The factors described above, including the current quarter s financial performance and the revised full-year forecast for the business, as well as increasingly competitive markets in various areas, could continue to adversely affect the Mobile Communications business. In addition, in light of these developments, in July Sony began a review of its Mid-Range Plan ( MRP ) for the Mobile Communications business. This process is currently on-going, and Sony will continue to evaluate the financial and other consequences of changes, if any, in the MRP or strategic alternatives within the Mobile Communications business, as well as its financial performance. It is possible that the above-described circumstances might result in an impairment charge against various assets, including goodwill, in that reporting segment. Game & Network Services Sales are expected to be higher than the May forecast primarily due to the strong performance of the PS4. Operating income is expected to be higher than the May forecast primarily due to PS4 hardware cost reductions. Imaging Products & Solutions Sales are expected to be below the May forecast primarily due to anticipated lower sales in emerging market countries. Operating income is expected to remain unchanged from the May forecast due to the above-mentioned decrease in sales being offset primarily by cost reductions. 10

11 Home Entertainment & Sound Sales are expected to be below the May forecast mainly due to a downward revision in the annual unit sales forecast for LCD televisions. Operating income is expected to remain unchanged from the May forecast due to the above-mentioned decrease in sales being offset primarily by cost reductions. Devices Sales are expected to remain unchanged from the May forecast primarily due to an anticipated significant increase in sales of image sensors, offset by the transfer of the power supply business to All Other. Operating income is expected to be higher than the May forecast primarily due to the increase in sales in image sensors. The forecasts for the Pictures, Music and Financial Services segments remain unchanged from the May forecast. The effects of gains and losses on investments held by the Financial Services segment due to market fluctuations have not been incorporated within the above forecast as it is difficult for Sony to predict market trends in the future. Accordingly, future market fluctuations could further impact the current forecast. Sony s forecast for capital expenditures, depreciation and amortization, as well as research and development expenses for the current fiscal year has been changed as per the table below. July Forecast (Billions of yen) May March 31, 2014 Forecast Results Change - July Forecast vs. May March 31, 2014 Forecast Results Capital expenditures (addition to property, plant and equipment) % +18.5% Depreciation and amortization* [for property, plant and equipment (included above) ] Research and development expenses * The forecast for depreciation and amortization includes amortization expenses for intangible assets and for deferred insurance acquisition costs. This forecast is based on management s current expectations and is subject to uncertainties and changes in circumstances. Actual results may differ materially from those included in this forecast due to a variety of factors. See Cautionary Statement below. 11

12 Cautionary Statement Statements made in this release with respect to Sony s current plans, estimates, strategies and beliefs and other statements that are not historical facts are forward-looking statements about the future performance of Sony. Forward-looking statements include, but are not limited to, those statements using words such as believe, expect, plans, strategy, prospects, forecast, estimate, project, anticipate, aim, intend, seek, may, might, could or should, and words of similar meaning in connection with a discussion of future operations, financial performance, events or conditions. From time to time, oral or written forward-looking statements may also be included in other materials released to the public. These statements are based on management s assumptions, judgments and beliefs in light of the information currently available to it. Sony cautions investors that a number of important risks and uncertainties could cause actual results to differ materially from those discussed in the forward-looking statements, and therefore investors should not place undue reliance on them. Investors also should not rely on any obligation of Sony to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Sony disclaims any such obligation. Risks and uncertainties that might affect Sony include, but are not limited to: (i) the global economic environment in which Sony operates and the economic conditions in Sony s markets, particularly levels of (ii) consumer spending; foreign exchange rates, particularly between the yen and the U.S. dollar, the euro and other currencies in which Sony makes significant sales and incurs production costs, or in which Sony s assets and liabilities are denominated; (iii) Sony s ability to continue to design and develop and win acceptance of, as well as achieve sufficient cost reductions for, its products and services, including televisions, game platforms and smartphones, which are offered in highly competitive markets characterized by severe price competition and continual new product and service introductions, rapid development in technology and subjective and changing consumer preferences; (iv) Sony s ability and timing to recoup large-scale investments required for technology development and production capacity; (v) Sony s ability to implement successful business restructuring and transformation efforts under changing market conditions; (vi) Sony s ability to implement successful hardware, software, and content integration strategies for all segments excluding the Financial Services segment, and to develop and implement successful sales and distribution strategies in light of the Internet and other technological developments; (vii) Sony s continued ability to devote sufficient resources to research and development and, with respect to capital expenditures, to prioritize investments correctly (particularly in the electronics businesses); (viii) Sony s ability to maintain product quality; (ix) the effectiveness of Sony s strategies and their execution, including but not limited to the success of Sony s acquisitions, joint ventures and other strategic investments; (x) significant volatility and disruption in the global financial markets or a ratings downgrade; (xi) Sony s ability to forecast demands, manage timely procurement and control inventories; (xii) the outcome of pending and/or future legal and/or regulatory proceedings; (xiii) shifts in customer demand for financial services such as life insurance and Sony s ability to conduct successful asset liability management in the Financial Services segment; (xiv) the impact of unfavorable conditions or developments (including market fluctuations or volatility) in the Japanese equity markets on the revenue and operating income of the Financial Services segment; and (xv) risks related to catastrophic disasters or similar events. Risks and uncertainties also include the impact of any future events with material adverse impact. Investor Relations Contacts: Tokyo New York London Atsuko Murakami Justin Hill Haruna Nagai +81-(0) (0) IR home page: Presentation slides: 12

13 (Unaudited) Consolidated Financial Statements Consolidated Balance Sheets March 31 June 30 Change from June 30 ASSETS March 31, Current assets: Cash and cash equivalents \ 1,046,466 \ 687,405 \ -359,061 $ 6,806 Marketable securities 832, , ,398 8,505 Notes and accounts receivable, trade 946, , ,183 9,542 Allowance for doubtful accounts and sales returns (75,513) (65,734) +9,779 (651) Inventories 733, , ,084 7,842 Other receivables 224, , ,840 2,331 Deferred income taxes 53,068 45,489-7, Prepaid expenses and other current assets 443, , ,497 4,532 Total current assets 4,204,886 3,975, ,859 39,357 Film costs 275, ,440-11,359 2,618 Investments and advances: Affiliated companies 181, ,271 +1,008 1,805 Securities investments and other 7,737,748 7,850, ,769 77,728 7,919,011 8,032, ,777 79,533 Property, plant and equipment: Land 125, , ,241 Buildings 674, , ,681 Machinery and equipment 1,705,774 1,693,853-11,921 16,771 Construction in progress 39,771 38,160-1, ,546,276 2,532,148-14,128 25,071 Less-Accumulated depreciation 1,796,266 1,790,302-5,964 17, , ,846-8,164 7,345 Other assets: Intangibles, net 675, ,575-21,088 6,481 Goodwill 691, ,952-8,851 6,762 Deferred insurance acquisition costs 497, ,156 +5,384 4,982 Deferred income taxes 105, ,652 +2,210 1,066 Other 213, ,685-9,649 2,016 2,184,014 2,152,020-31,994 21,307 Total assets \ 15,333,720 \ 15,166,121 \ -167,599 $ 150,160 LIABILITIES AND EQUITY Current liabilities: Short-term borrowings \ 111,836 \ 92,416 \ -19,420 $ 915 Current portion of long-term debt 265, , ,448 1,153 Notes and accounts payable, trade 712, , ,072 7,504 Accounts payable, other and accrued expenses 1,175,413 1,098,690-76,723 10,878 Accrued income and other taxes 81,842 89,705 +7, Deposits from customers in the banking business 1,890,023 1,829,708-60,315 18,116 Other 545, , ,409 Total current liabilities 4,783,614 4,531, ,484 44,863 Long-term debt 916, ,259-62,389 8,458 Accrued pension and severance costs 284, ,338-4,625 2,776 Deferred income taxes 410, , ,737 4,194 Future insurance policy benefits and other 3,824,572 3,903, ,655 38,646 Policyholders account in the life insurance business 2,023,472 2,075, ,685 20,546 Other 302, , ,993 Total liabilities 12,546,464 12,370, , ,476 Redeemable noncontrolling interest 4,115 4, Equity: Sony Corporation s stockholders equity: Common stock 646, , ,403 Additional paid-in capital 1,127,090 1,124,985-2,105 11,138 Retained earnings 940, , ,804 9,575 Accumulated other comprehensive income (451,585) (473,418) -21,833 (4,687) Treasury stock, at cost (4,284) (4,297) -13 (43) 2,258,137 2,260,999 +2,862 22,386 Noncontrolling interests 525, ,968 +5,964 5,257 Total equity 2,783,141 2,791,967 +8,826 27,643 Total liabilities and equity \ 15,333,720 \ 15,166,121 \ -167,599 $ 150,160 F-1

14 Consolidated Statements of Income (Millions of yen, millions of U.S. dollars, except per share amounts) Change from Sales and operating revenue: Net sales \ 1,438,936 \ 1,539,806 $ 15,246 Financial services revenue 250, ,750 2,433 Other operating revenue 22,313 24, ,711,419 1,809, % 17,920 Costs and expenses: Cost of sales 1,098,880 1,150,839 11,395 Selling, general and administrative 384, ,447 4,064 Financial services expenses 204, ,678 1,997 Other operating (income) expense, net (12,673) (19,669) (195) 1,675,497 1,743, ,261 Equity in net income (loss) of affiliated companies (425) 3, Operating income 35,497 69, Other income: Interest and dividends 3,887 3, Gain on sale of securities investments, net 500 5, Foreign exchange gain, net 6, Other 8, ,040 9, Other expenses: Interest 6,956 6, Foreign exchange loss, net - 1, Other 2,188 2, ,144 10, Income before income taxes 45,393 68, Income taxes 26,468 26, Net income 18,925 42, Less - Net income attributable to noncontrolling interests 15,798 15, Net income attributable to Sony Corporation s stockholders \ 3,127 \ 26, % $ 265 Per share data: Net income attributable to Sony Corporation s stockholders Basic \ 3.09 \ % $ 0.25 Diluted Consolidated Statements of Comprehensive Income Change from Net income \ 18,925 \ 42, % $ 419 Other comprehensive income, net of tax Unrealized gains (losses) on securities (14,894) 1, Unrealized gains on derivative instruments Pension liability adjustment (3,247) Foreign currency translation adjustments 62,372 (20,840) (206) Total comprehensive income 63,349 23, Less - Comprehensive income attributable to noncontrolling interests 6,210 18, Comprehensive income attributable to Sony Corporation s stockholders \ 57,139 \ 4, % $ 50 F-2

15 Supplemental equity and comprehensive income information Sony Corporation s Noncontrolling stockholders equity interests Total equity Balance at March 31, 2013 \ 2,192,262 \ 479,742 \ 2,672,004 Exercise of stock acquisition rights Conversion of zero coupon convertible bonds Stock based compensation Comprehensive income: Net income 3,127 15,798 18,925 Other comprehensive income, net of tax Unrealized losses on securities (4,948) (9,946) (14,894) Unrealized gains on derivative instruments Pension liability adjustment (3,250) 3 (3,247) Foreign currency translation adjustments 62, ,372 Total comprehensive income 57,139 6,210 63,349 Dividends declared (6,046) (6,046) Transactions with noncontrolling interests shareholders and other Balance at June 30, 2013 \ 2,249,808 \ 480,308 \ 2,730,116 Balance at March 31, 2014 \ 2,258,137 \ 525,004 \ 2,783,141 Exercise of stock acquisition rights Stock based compensation Comprehensive income: Net income 26,808 15,523 42,331 Other comprehensive income, net of tax Unrealized gains (losses) on securities (498) 2,373 1,875 Pension liability adjustment 366 (30) 336 Foreign currency translation adjustments (21,701) 861 (20,840) Total comprehensive income 4,975 18,727 23,702 Dividends declared (8,712) (8,712) Transactions with noncontrolling interests shareholders and other (2,509) (4,051) (6,560) Balance at June 30, 2014 \ 2,260,999 \ 530,968 \ 2,791,967 Sony Corporation s Noncontrolling stockholders equity interests Total equity Balance at March 31, 2014 $ 22,358 $ 5,198 $ 27,556 Exercise of stock acquisition rights 0 0 Stock based compensation 4 4 Comprehensive income: Net income Other comprehensive income, net of tax Unrealized gains (losses) on securities (4) Pension liability adjustment 3 3 Foreign currency translation adjustments (214) 8 (206) Total comprehensive income Dividends declared (86) (86) Transactions with noncontrolling interests shareholders and other (26) (40) (66) Balance at June 30, 2014 $ 22,386 $ 5,257 $ 27,643 F-3

16 Consolidated Statements of Cash Flows Cash flows from operating activities: Net income \ 18,925 \ 42,331 $ 419 Adjustments to reconcile net income to net cash provided by (used in) operating activities: Depreciation and amortization, including amortization of deferred insurance acquisition costs 92,929 84, Amortization of film costs 56,324 70, Stock-based compensation expense Accrual for pension and severance costs, less payments (1,702) (3,433) (34) Other operating (income) expense, net (12,673) (19,669) (195) Gain on sale or devaluation of securities investments, net (460) (5,198) (51) Gain on revaluation of marketable securities held in the financial services business for trading purposes, net (21,569) (10,287) (102) (Gain) loss on revaluation or impairment of securities investments held in the financial services business, net 266 (1,196) (12) Deferred income taxes (4,381) 4, Equity in net (income) loss of affiliated companies, net of dividends 648 (2,046) (20) Changes in assets and liabilities: Increase in notes and accounts receivable, trade (51,916) (38,005) (376) Increase in inventories (113,680) (65,977) (653) Increase in film costs (79,056) (63,690) (631) Increase in notes and accounts payable, trade 162,054 51, Decrease in accrued income and other taxes (19,744) (1,776) (18) Increase in future insurance policy benefits and other 108, ,663 1,007 Increase in deferred insurance acquisition costs (20,049) (18,526) (183) Increase in marketable securities held in the financial services business for trading purposes (10,814) (8,143) (81) Increase in other current assets (106,791) (19,940) (197) Decrease in other current liabilities (108,160) (43,164) (427) Other (21,650) 11, Net cash provided by (used in) operating activities (132,963) 66, Cash flows from investing activities: Payments for purchases of fixed assets (62,926) (51,490) (510) Proceeds from sales of fixed assets 84,658 26, Payments for investments and advances by financial services business (244,629) (224,724) (2,225) Payments for investments and advances (other than financial services business) (1,858) (4,481) (44) Proceeds from sales or return of investments and collections of advances by financial services business 167, ,317 1,003 Proceeds from sales or return of investments and collections of advances (other than financial services business) 2,339 26, Other 13,567 2, Net cash used in investing activities (41,664) (124,697) (1,235) Cash flows from financing activities: Proceeds from issuance of long-term debt 161,007 8, Payments of long-term debt (33,304) (219,689) (2,175) Increase (decrease) in short-term borrowings, net 14,894 (19,015) (188) Increase (decrease) in deposits from customers in the financial services business, net 18,266 (32,462) (321) Dividends paid (12,679) (13,100) (130) Other (26,189) (16,087) (160) Net cash provided by (used in) financing activities 121,995 (291,354) (2,885) Effect of exchange rate changes on cash and cash equivalents 27,462 (9,252) (92) Net decrease in cash and cash equivalents (25,170) (359,061) (3,555) Cash and cash equivalents at beginning of the fiscal year 826,361 1,046,466 10,361 Cash and cash equivalents at end of the period \ 801,191 \ 687,405 $ 6,806 F-4

17 Business Segment Information Sales and operating revenue Mobile Communications Customers \ ,457 \ ,310 Change % $ ,112 Intersegment Total 285, , ,112 Game & Network Services Customers 115, , ,291 Intersegment 16,493 26, Total 131, , ,550 Imaging Products & Solutions Customers 179, , ,625 Intersegment 1, Total 180, , ,630 Home Entertainment & Sound Customers 274, , ,822 Intersegment 1, Total 275, , ,829 2 Devices Customers 145, , ,433 Intersegment 44,699 39, Total 190, , ,823 Pictures Customers 158, , ,927 Intersegment Total 158, , ,928 Music Customers 109, , ,124 Intersegment 2,784 3, Total 111, , ,157 Financial Services Customers 250, , ,433 Intersegment 1,235 1, Total 251, , ,445 All Other Customers 177, , ,036 Intersegment 16,800 24, Total 194, , ,275 Corporate and elimination (68,837) (83,748) - (829) Consolidated total \ 1,711,419 \ 1,809, % $ 17,920 Game & Network Services ( G&NS ) intersegment amounts primarily consist of transactions with All Other. Devices intersegment amounts primarily consist of transactions with the Mobile Communications segment, the G&NS segment and the Imaging Products & Solutions ( IP&S ) segment. All Other intersegment amounts primarily consist of transactions with the Pictures segment, the Music segment and the G&NS segment. Corporate and elimination includes certain brand and patent royalty income. Operating income (loss) Change 2014 Mobile Communications \ 12,566 \ (2,740) - % $ (27) Game & Network Services (16,370) 4, Imaging Products & Solutions 9,097 17, Home Entertainment & Sound 3,367 7, Devices 10,845 12, Pictures 3,742 7, Music 10,771 11, Financial Services 45,109 43, All Other (16,921) (18,432) - (183) Total 62,206 83, Corporate and elimination (26,709) (13,928) - (138) Consolidated total \ 35,497 \ 69, % $ 691 The 2013 segment disclosure above has been reclassified to reflect the change in the business segment classification discussed in Note 5. Operating income (loss) is sales and operating revenue less costs and expenses, and includes equity in net income (loss) of affiliated companies. Corporate and elimination includes headquarters restructuring costs and certain other corporate expenses, including the amortization of certain intellectual property assets such as the cross-licensing of intangible assets acquired from Ericsson at the time of the Sony Mobile Communications acquisition, which are not allocated to segments. Within the Home Entertainment & Sound ( HE&S ) segment, the operating income of Televisions, which primarily consists of LCD televisions, for the three months ended June 30, 2013 and 2014 was 5,207 million yen and 7,916 million yen, respectively. The operating income of Televisions excludes restructuring charges which are included in the overall segment results and are not allocated to product categories. F-5

18 Sales to Customers by Product Category Sales and operating revenue (to external customers) Change 2014 Mobile Communications \ 285,457 \ 314, % $ 3,112 Game & Network Services 115, , ,291 Imaging Products & Solutions Digital Imaging Products 114, , ,050 Professional Solutions 61,464 55, Other 3,941 2, Total 179, , ,625 Home Entertainment & Sound Televisions 185, , ,030 Audio and Video 87,381 79, Other 1, Total 274, , ,822 Devices Semiconductors 85,257 85, Components 59,896 59, Other Total 145, , ,433 Pictures Motion Pictures 71, , ,036 Television Productions 40,030 42, Media Networks 47,538 47, Total 158, , ,927 Music Recorded Music 80,674 79, Music Publishing 12,581 16, Visual Media and Platform 15,920 17, Total 109, , ,124 Financial Services 250, , ,433 All Other 177, , ,036 Corporate 15,421 11, Consolidated total \ 1,711,419 \ 1,809, % $ 17,920 The above table includes a breakdown of sales and operating revenue to external customers for certain segments shown in the Business Segment Information on page F-5. Sony management views each segment as a single operating segment. However, Sony believes that the breakdown of sales and operating revenue to external customers for the segments in this table is useful to investors in understanding sales by product category. Sony has realigned its product category configuration from the first quarter of the fiscal year ending March 31, In connection with the realignment, all prior period sales amounts by product category in the table above have been reclassified to conform to the current presentation. In the IP&S segment, Digital Imaging Products includes compact digital cameras, interchangeable single-lens cameras and video cameras; Professional Solutions includes broadcast- and professional-use products. In the HE&S segment, Televisions includes LCD televisions; Audio and Video includes Blu-ray disc players and recorders, home audio, headphones, and memory-based portable audio devices. In the Devices segment, Semiconductors includes image sensors; Components includes batteries, recording media and data recording systems. In the Pictures segment, Motion Pictures includes the production, acquisition and distribution of motion pictures; Television Productions includes the production, acquisition and distribution of television programming; Media Networks includes the operation of television and digital networks. In the Music segment, Recorded Music includes the distribution of physical and digital recorded music and revenue derived from artists live performances; Music Publishing includes the management and licensing of the words and music of songs; Visual Media and Platform includes various service offerings for music and visual products and the production and distribution of animation titles. F-6

19 Other Items Depreciation and amortization Change 2014 Mobile Communications \ 5,419 \ 6, % $ 64 Game & Network Services 3,646 4, Imaging Products & Solutions 9,850 6, Home Entertainment & Sound 6,608 6, Devices 25,689 21, Pictures 4,347 4, Music 3,590 3, Financial Services, including deferred insurance acquisition costs 13,957 15, All Other 7,183 3, Total 80,289 71, Corporate 12,640 12, Consolidated total \ 92,929 \ 84, % $ 835 Restructuring charges and associated depreciation, 2013 Depreciation Total net associated with restructuring Total restructured charges assets Mobile Communications \ 755 \ - \ 755 Game & Network Services 1-1 Imaging Products & Solutions Home Entertainment & Sound Devices 1,376-1,376 Pictures Music Financial Services All Other and Corporate ,173 Consolidated total \ 4,401 \ 253 \ 4,654 Restructuring charges and associated depreciation, 2014 Depreciation Total net associated with restructuring Total restructured charges assets Mobile Communications \ 13 \ - \ 13 Game & Network Services Imaging Products & Solutions Home Entertainment & Sound Devices Pictures Music Financial Services All Other and Corporate 13, ,950 Consolidated total \ 14,593 \ 669 \ 15,262 Depreciation associated with restructured assets as used in the context of the disclosures regarding restructuring activities refers to the increase in depreciation expense caused by revising the useful life and the salvage value of depreciable fixed assets to coincide with the earlier end of production under an approved restructuring plan. Any impairment of the assets is recognized immediately in the period it is identified. Restructuring charges and associated depreciation, 2014 Depreciation Total net associated with restructuring Total restructured charges assets Mobile Communications $ 0 $ - $ 0 Game & Network Services 1-1 Imaging Products & Solutions 1-1 Home Entertainment & Sound 5-5 Devices 5-5 Pictures Music 0-0 Financial Services All Other and Corporate Consolidated total $ 144 $ 7 $ 151 F-7

20 Geographic Information Sales and operating revenue (to external customers) Japan \ 531,750 \ 511, % $ 5,063 United States 252, , ,023 Europe 328, , ,883 China 123, , ,317 Asia-Pacific 257, , ,424 Other Areas 218, , ,210 Total \ 1,711,419 \ 1,809, % $ 17,920 Geographic Information shows sales and operating revenue recognized by location of customers. Major areas in each geographic segment excluding Japan, United States and China are as follows: (1) Europe: United Kingdom, France, Germany, Russia, Spain and Sweden (2) Asia-Pacific: India, South Korea and Oceania (3) Other Areas: The Middle East/Africa, Brazil, Mexico and Canada Change 2014 F-8

Consolidated Financial Results for the Second Quarter Ended September 30, 2014

Consolidated Financial Results for the Second Quarter Ended September 30, 2014 News & Information 1-7-1 Konan, Minato-ku Tokyo 108-0075 Japan No. 14-109E 3:00 P.M. JST, October 31, 2014 Consolidated Financial Results for the Second Quarter Ended September 30, 2014 Tokyo, October

More information

No. 13-090E 3:00 P.M. JST, August 1, 2013. Consolidated Financial Results for the First Quarter Ended June 30, 2013

No. 13-090E 3:00 P.M. JST, August 1, 2013. Consolidated Financial Results for the First Quarter Ended June 30, 2013 News & Information 1-7-1 Konan, Minato-ku Tokyo 108-0075 Japan No. 13-090E 3:00 P.M. JST, August 1, 2013 Consolidated Financial Results for the First Quarter Ended June 30, 2013 Tokyo, August 1, 2013 --

More information

No. 14-049E 3:00 P.M. JST, May 14, 2014. Consolidated Financial Results for the Fiscal Year Ended March 31, 2014

No. 14-049E 3:00 P.M. JST, May 14, 2014. Consolidated Financial Results for the Fiscal Year Ended March 31, 2014 News & Information 1-7-1 Konan, Minato-ku Tokyo 108-0075 Japan Consolidated Financial Results for the Fiscal Year Ended March 31, 2014 No. 14-049E 3:00 P.M. JST, May 14, 2014 Tokyo, May 14, 2014 -- Sony

More information

Consolidated Financial Results for the Third Quarter Ended December 31, 2015

Consolidated Financial Results for the Third Quarter Ended December 31, 2015 News & Information 1-7-1 Konan, Minato-ku Tokyo 108-0075 Japan No. 16-011E 3:00 P.M. JST, January 29, 2016 Consolidated Financial Results for the Third Quarter Ended December 31, 2015 Tokyo, January 29,

More information

No. 15-011E 3:00 P.M. JST, February 4, 2015

No. 15-011E 3:00 P.M. JST, February 4, 2015 News & Information 1-7-1 Konan, Minato-ku Tokyo 108-0075 Japan No. 15-011E 3:00 P.M. JST, February 4, 2015 Consolidated Financial Results for the Third Quarter Ended December 31, 2014, and Revision of

More information

No. 15-064E 3:00 P.M. JST, July 30, 2015. Consolidated Financial Results for the First Quarter Ended June 30, 2015

No. 15-064E 3:00 P.M. JST, July 30, 2015. Consolidated Financial Results for the First Quarter Ended June 30, 2015 News & Information 1-7-1 Konan, Minato-ku Tokyo 108-0075 Japan Consolidated Financial Results for the First Quarter Ended June 30, 2015 No. 15-064E 3:00 P.M. JST, July 30, 2015 Tokyo, July 30, 2015 --

More information

Consolidated Financial Results for the Fiscal Year Ended March 31, 2015

Consolidated Financial Results for the Fiscal Year Ended March 31, 2015 News & Information 1-7-1 Konan, Minato-ku Tokyo 108-0075 Japan No. 15-039E 3:00 P.M. JST, April 30, 2015 Consolidated Financial Results for the Fiscal Year Ended March 31, 2015 Tokyo, April 30, 2015 --

More information

Q3 FY2015 Consolidated Financial Results

Q3 FY2015 Consolidated Financial Results Q3 FY2015 Consolidated Financial Results (Three months ended December 31, 2015) Sony Corporation Q3 FY2015 Consolidated Results Q3 Q3 Change & operating revenue 2,566.7 2,580.8 +0.5% Operating income 182.1

More information

Consolidated Results Forecast for the Fiscal Year Ending March 31, 2017

Consolidated Results Forecast for the Fiscal Year Ending March 31, 2017 News & Information 1-7-1 Konan, Minato-ku Tokyo 108-0075 Japan No. 16-055E 3:00 P.M. JST, May 24, 2016 Consolidated for the Fiscal Year Ending Tokyo, May 24, 2016 Due to the earthquake of April 14, 2016

More information

FY2014 Consolidated Financial Results

FY2014 Consolidated Financial Results FY214 Consolidated Financial Results (Fiscal year ended March 31, 215) Sony Corporation FY214 Consolidated Financial Results and FY215 Consolidated Results Forecast Segments Outlook 1 FY214 Consolidated

More information

No. 11-016E 3:00 P.M. JST, February 3, 2011

No. 11-016E 3:00 P.M. JST, February 3, 2011 News & Information 1-7-1 Konan, Minato-ku Tokyo 108-0075 Japan No. 11-016E 3:00 P.M. JST, February 3, 2011 Consolidated Financial Results for the Third Quarter Ended December 31, Tokyo, February 3, 2011

More information

Consolidated Financial Results for the First Quarter Ended June 30, 2016

Consolidated Financial Results for the First Quarter Ended June 30, 2016 News & Information 1-7-1 Konan, Minato-ku Tokyo 108-0075 Japan Consolidated Financial Results for the First Quarter Ended June 30, 2016 No. 16-071E July 29, 2016 Tokyo, July 29, 2016 -- Sony Corporation

More information

FY2015 Consolidated Financial Results and FY2016 Consolidated Financial Forecast

FY2015 Consolidated Financial Results and FY2016 Consolidated Financial Forecast Consolidated Financial Results and FY2016 Consolidated Financial Forecast Sony Corporation Consolidated Results Change & operating revenue 8,215.9 8,105.7-1.3% Operating income 68.5 294.2 +329.2% Income

More information

Q2 FY2015 Consolidated Financial Results

Q2 FY2015 Consolidated Financial Results Q2 FY2015 Consolidated Financial Results (Three months ended September 30, 2015) Sony Corporation Q2 FY2015 Consolidated Results Q2 Q2 Change & operating revenue 1,901.5 1,892.7-0.5% Operating income -85.6

More information

FY2015 Consolidated Financial Results

FY2015 Consolidated Financial Results Consolidated Financial Results (Fiscal year ended March 31, 2016) Sony Corporation Consolidated Results Change & operating revenue 8,215.9 8,105.7-1.3% Operating income 68.5 294.2 +329.2% Income before

More information

FY2009 Consolidated Results

FY2009 Consolidated Results FY2009 Consolidated Results (Fiscal year ended March 31, 2010) Sony Corporation 1 Operating income of 31.8 billion yen was achieved, compared to an operating loss in the previous fiscal year. The Financial

More information

All amounts are presented on the basis of Generally Accepted Accounting Principles in the U.S. ( U.S. GAAP ).

All amounts are presented on the basis of Generally Accepted Accounting Principles in the U.S. ( U.S. GAAP ). News & Information 1-7-1 Konan, Minato-ku Tokyo 108-0075 Japan No. 14-018E 3:00 P.M. JST, February 6, 2014 Consolidated Financial Results for the Third Quarter Ended December 31, 2013 Tokyo, February 6,

More information

Q2 FY2009 Consolidated Results

Q2 FY2009 Consolidated Results Q2 FY2009 Consolidated Results (Quarter ended September 30, 2009) Sony Corporation 1 Excluding equity in net income of affiliates and restructuring charges, operating income was positive and higher compared

More information

No. 11-142E 3:00 P.M. JST, November 2, 2011

No. 11-142E 3:00 P.M. JST, November 2, 2011 News & Information 1-7-1 Konan, Minato-ku Tokyo 108-0075 Japan No. 11-142E 3:00 P.M. JST, November 2, Consolidated Financial Results for the Second Quarter Ended September 30, Tokyo, November 2, -- Sony

More information

No. 12-017E 3:00 P.M. JST, February 2, 2012

No. 12-017E 3:00 P.M. JST, February 2, 2012 News & Information 1-7-1 Konan, Minato-ku Tokyo 108-0075 Japan No. 12-017E 3:00 P.M. JST, February 2, 2012 Consolidated Financial Results for the Third Quarter Ended December 31, 2011 Tokyo, February 2,

More information

No E 3:00 P.M. JST, February 4, 2010

No E 3:00 P.M. JST, February 4, 2010 News & Information 1-7-1 Konan, Minato-ku Tokyo 108-0075 Japan No.10-016E 3:00 P.M. JST, February 4, 2010 Consolidated Financial Results for the Third Quarter Ended December 31, Tokyo, February 4, 2010

More information

Unless otherwise specified, all amounts are presented on the basis of Generally Accepted Accounting Principles in the U.S. ( U.S. GAAP ).

Unless otherwise specified, all amounts are presented on the basis of Generally Accepted Accounting Principles in the U.S. ( U.S. GAAP ). News & Information 1-7-1 Konan, Minato-ku Tokyo 108-0075 Japan No.10-148E 3:00 P.M. JST, October 29, Consolidated Financial Results for the Second Quarter Ended September 30, Tokyo, October 29, -- Sony

More information

Q1 FY2016 Consolidated Financial Results

Q1 FY2016 Consolidated Financial Results Q1 FY2016 Consolidated Financial Results (Three months ended June 30, 2016) July 29, 2016 Sony Corporation Q1 FY2016 Consolidated Results Q1 Q1 Change & operating revenue 1,808.1 1,613.2-10.8% Operating

More information

No. 13-055E 3:00 P.M. JST, May 9, 2013. Consolidated Financial Results for the Fiscal Year Ended March 31, 2013

No. 13-055E 3:00 P.M. JST, May 9, 2013. Consolidated Financial Results for the Fiscal Year Ended March 31, 2013 News & Information 1-7-1 Konan, Minato-ku Tokyo 108-0075 Japan Consolidated Financial Results for the Fiscal Year Ended March 31, 2013 No. 13-055E 3:00 P.M. JST, May 9, 2013 Tokyo, May 9, 2013 -- Sony

More information

Corporate Strategy Meeting

Corporate Strategy Meeting Corporate Strategy Meeting February 18, 2015 Sony Corporation Today s agenda 1. 2. 3. 4. Review of the First Mid-Range Plan (FY 2012~2014*) Second Mid-Range Plan (FY 2015~2017) Business Strategies and

More information

FY2011 Consolidated Financial Results (Fiscal year ended March 31, 2012)

FY2011 Consolidated Financial Results (Fiscal year ended March 31, 2012) 2011 Consolidated Financial Results (Fiscal year ended March 31, 2012) Sony Corporation Highlights Consolidated sales decreased yearonyear primarily due to the unfavorable impact of foreign exchange rates,

More information

No. 13-018E 3:00 P.M. JST, February 7, 2013

No. 13-018E 3:00 P.M. JST, February 7, 2013 News & Information 1-7-1 Konan, Minato-ku Tokyo 108-0075 Japan No. 13-018E 3:00 P.M. JST, February 7, 2013 Consolidated Financial Results for the Third Quarter Ended December 31, 2012 Tokyo, February 7,

More information

FY 2012 Q1 Consolidated Financial Results

FY 2012 Q1 Consolidated Financial Results FY 2012 Consolidated Financial Results (Three months ended June 30, 2012) Sony Corporation Highlights The operating environment surrounding Sony in the first quarter continued to be difficult with the

More information

(Billions of yen, millions of U.S. dollars, except per share amounts) Third quarter ended December 31 Change in 2005 2006

(Billions of yen, millions of U.S. dollars, except per share amounts) Third quarter ended December 31 Change in 2005 2006 News & Information 6-7-35 Kitashinagawa Shinagawa-ku Tokyo 141-0001 Japan No: 07-009E 3:00 P.M. JST, January 30, 2007 Consolidated Financial Results for the Third Quarter Ended December 31, Tokyo, January

More information

Q1 FY2007 Consolidated Results

Q1 FY2007 Consolidated Results Q1 FY2007 Consolidated Results (Quarter ended June 30, 2007) Sony Corporation Investor Relations Statements made in this presentation with respect to Sony s current plans, estimates, strategies and beliefs

More information

Sony IR Day 2016. Game & Network Services Segment. Jun 29, 2016. Andrew House

Sony IR Day 2016. Game & Network Services Segment. Jun 29, 2016. Andrew House Jun 29, 206 Andrew House Executive Vice President Officer in charge of Game & Network Services Business Sony Corporation President and Global CEO Sony Interactive Entertainment LLC Agenda. FY205 Review

More information

Pioneer Announces Business Results for Fiscal 2014

Pioneer Announces Business Results for Fiscal 2014 For Immediate Release May 12, 2014 Pioneer Announces Business Results for Fiscal 2014 Pioneer Corporation today announced its consolidated business results for fiscal 2014, the year ended March 31, 2014.

More information

FINANCIAL SUMMARY. (All financial information has been prepared in accordance with U.S. generally accepted accounting principles)

FINANCIAL SUMMARY. (All financial information has been prepared in accordance with U.S. generally accepted accounting principles) FINANCIAL SUMMARY FY2015 First Quarter (April 1, 2014 through June 30, 2014) English translation from the original Japanese-language document TOYOTA MOTOR CORPORATION FY2015 First Quarter Consolidated

More information

Consolidated Balance Sheets

Consolidated Balance Sheets Consolidated Balance Sheets March 31 2015 2014 2015 Assets: Current assets Cash and cash equivalents 726,888 604,571 $ 6,057,400 Marketable securities 19,033 16,635 158,608 Notes and accounts receivable:

More information

Sony IR Day 2015. Game & Network Services Segment. May 27, 2015. Andrew House

Sony IR Day 2015. Game & Network Services Segment. May 27, 2015. Andrew House May 27, 2015 Andrew House President and Global CEO Sony Computer Entertainment Inc. Group Executive in charge of Network Entertainment Business Sony Corporation Agenda 1. FY2014 Review 2. FY2015 Strategy

More information

Q1 FY2004 Consolidated Results

Q1 FY2004 Consolidated Results Q1 FY2004 Consolidated Results (Quarter Ended June 30, 2004) Sony Corporation Investor Relations 1 Statements made in this presentation with respect to Sony s current plans, estimates, strategies and beliefs

More information

HP Inc. Reports Hewlett-Packard Company Fiscal 2015 Full-Year and Fourth Quarter Results

HP Inc. Reports Hewlett-Packard Company Fiscal 2015 Full-Year and Fourth Quarter Results HP Inc. 1501 Page Mill Road Palo Alto, CA 94304 hp.com News Release HP Inc. Reports Hewlett-Packard Company Fiscal 2015 Full-Year and Fourth Quarter Results Editorial contacts HP Inc. Media Relations MediaRelations@hp.com

More information

Verifone Reports Results for the Second Quarter of Fiscal 2016

Verifone Reports Results for the Second Quarter of Fiscal 2016 Verifone Reports Results for the Second Quarter of Fiscal 2016 SAN JOSE, Calif. (BUSINESS WIRE) Verifone (NYSE: PAY), a world leader in payments and commerce solutions, today announced financial results

More information

Quarterly Securities Report

Quarterly Securities Report Quarterly Securities Report For the three months ended September 30, 2015 (TRANSLATION) Sony Corporation CONTENTS Page Note for readers of this English translation Cautionary Statement 1 1 I Corporate

More information

Financial Results for the First Quarter Ended June 30, 2014

Financial Results for the First Quarter Ended June 30, 2014 July 28, 2014 Company name : Nissan Motor Co., Ltd. Code no : 7201 (URL http://www.nissan-global.com/en/ir/) Representative : Carlos Ghosn, President Contact person : Joji

More information

Sony Corporate Strategy Meeting FY2016. Transformation into a highly profitable enterprise and establishing the foundations for the future

Sony Corporate Strategy Meeting FY2016. Transformation into a highly profitable enterprise and establishing the foundations for the future News & Information Sony Corporation 1-7-1 Konan, Minato-ku, Tokyo Sony Corporate Strategy Meeting FY2016 No. 16-065E June 29, 2016 Transformation into a highly profitable enterprise and establishing the

More information

Makita Corporation. Consolidated Financial Results for the nine months ended December 31, 2007 (U.S. GAAP Financial Information)

Makita Corporation. Consolidated Financial Results for the nine months ended December 31, 2007 (U.S. GAAP Financial Information) Makita Corporation Consolidated Financial Results for the nine months ended (U.S. GAAP Financial Information) (English translation of "ZAIMU/GYOSEKI NO GAIKYO" originally issued in Japanese language) CONSOLIDATED

More information

Consolidated Financial Results for the First Two Quarters of the Fiscal Year Ending March 31, 2016 (Japan GAAP)

Consolidated Financial Results for the First Two Quarters of the Fiscal Year Ending March 31, 2016 (Japan GAAP) Consolidated Financial Results for the First Two Quarters of the Fiscal Year Ending March 31, 2016 (Japan GAAP) Name of Listed Company: Yokogawa Electric Corporation (the Company herein) Stock Exchanges

More information

Consolidated Financial Statements

Consolidated Financial Statements Consolidated Financial Statements For the fiscal year ended March 31, 2013 Sony Corporation TOKYO, JAPAN Contents Management s Annual Report on Internal Control over Financial Reporting 2 Report of Independent

More information

Tower International Reports Solid Third Quarter And Raises Full Year Outlook

Tower International Reports Solid Third Quarter And Raises Full Year Outlook FOR IMMEDIATE RELEASE Tower International Reports Solid Third Quarter And Raises Full Year Outlook LIVONIA, Mich., November 3, 2011 Tower International, Inc. [NYSE: TOWR], a leading integrated global manufacturer

More information

Preliminary Consolidated Financial Results for the Six Months Ended September 30, 2012 (Prepared in Accordance with Japanese GAAP)

Preliminary Consolidated Financial Results for the Six Months Ended September 30, 2012 (Prepared in Accordance with Japanese GAAP) November 1, 2012 Sony Financial Holdings Inc. Preliminary Consolidated Financial Results for the Six Months Ended September 30, 2012 (Prepared in Accordance with Japanese GAAP) Tokyo, November 1, 2012

More information

FOR IMMEDIATE RELEASE February 4, 2016

FOR IMMEDIATE RELEASE February 4, 2016 FOR IMMEDIATE RELEASE February 4, 2016 Toshiba Announces Consolidated Results for the First Nine Months and Third Quarter of Fiscal Year Ending March 2016 TOKYO Toshiba Corporation (TOKYO: 6502) today

More information

EMC Q1 2014 Financial Results

EMC Q1 2014 Financial Results EMC Q1 2014 Financial Results Tony Takazawa Vice President, Global Investor Relations April 23, 2014 1 Forward-Looking Statements This presentation contains forward-looking statements as defined under

More information

Sony IR Day 2016. Imaging Products & Solutions Segment. June 29, 2016. Shigeki Ishizuka

Sony IR Day 2016. Imaging Products & Solutions Segment. June 29, 2016. Shigeki Ishizuka Sony IR Day 2016 June 29, 2016 Shigeki Ishizuka Executive Vice President Officer in charge of Imaging Products and Solutions Business Sony Corporation Agenda 1. Segment Overview 2. FY2015 Results 3. FY2016

More information

Consolidated Results (Year ended March 31, 2006)

Consolidated Results (Year ended March 31, 2006) Fiscal Year 2005 Consolidated Results (Year ended March 31, 2006) Sony Corporation Investor Investor Relations Relations (1) Statements made in this presentation with respect to Sony s current plans, estimates,

More information

Third Quarter 2015 Financial Highlights:

Third Quarter 2015 Financial Highlights: DISCOVERY COMMUNICATIONS REPORTS THIRD QUARTER 2015 RESULTS, INCREASES BUYBACK AUTHORIZATION BY $2 BILLION AND ANNOUNCES RESUMPTION OF SHARE REPURCHASES BEGINNING IN FOURTH QUARTER 2015 Third Quarter 2015

More information

CORNING INCORPORATED AND SUBSIDIARY COMPANIES CONSOLIDATED STATEMENTS OF INCOME (Unaudited; in millions, except per share amounts)

CORNING INCORPORATED AND SUBSIDIARY COMPANIES CONSOLIDATED STATEMENTS OF INCOME (Unaudited; in millions, except per share amounts) CONSOLIDATED STATEMENTS OF INCOME (Unaudited; in millions, except per share amounts) Three months ended Nine months ended 2013 2012 2013 2012 sales $ 2,067 $ 2,038 $ 5,863 $ 5,866 Cost of sales 1,166 1,149

More information

Consolidated Financial Summary for the Six Months Ended September 30, 2008

Consolidated Financial Summary for the Six Months Ended September 30, 2008 Member of Financial Accounting Standards Foundation Consolidated Financial Summary for the Six Months Ended September 30, 2008 Date: November 11, 2008 Name of Listed Company: NOK Corporation Securities

More information

NOK CORPORATION and Consolidated Subsidiaries Consolidated Financial Results for the First Quarter Ended June 30, 2008

NOK CORPORATION and Consolidated Subsidiaries Consolidated Financial Results for the First Quarter Ended June 30, 2008 Member of Financial Accounting Standards Foundation NOK CORPORATION and Consolidated Subsidiaries Consolidated Financial Results for the First Quarter Ended June 30, 2008 Name of Listed Company: NOK Corporation

More information

Remarks by Nobuyuki Idei, Chairman and CEO of Sony Corporation

Remarks by Nobuyuki Idei, Chairman and CEO of Sony Corporation News & Information 6-7-35 Kitashinagawa Shinagawa-ku Tokyo 141-0001 Japan Consolidated Financial Results for the Fiscal, 2002 1 No: 02-013E 3:00 P.M. JST, April 25, 2002 Tokyo, April 25, 2002 -- Sony Corporation

More information

Summary of Consolidated Financial Statements for the Second Quarter of Fiscal Year Ending March 31, 2012 (Japanese GAAP)

Summary of Consolidated Financial Statements for the Second Quarter of Fiscal Year Ending March 31, 2012 (Japanese GAAP) This document is a translation of the Japanese financial statements and is not in conformity with accounting principles of the United States. Summary of Consolidated Financial Statements for the Second

More information

Sumio Marukawa +81(3)6852-7102

Sumio Marukawa +81(3)6852-7102 Contact; TDK Corporation (Tokyo) TDK Corporation January 29, 2016 Corporate Communications Department Sumio Marukawa +81(3)6852-7102 Consolidated results (U.S. GAAP) for the 3rd quarter of FY March 2016

More information

INTERACTIVE DATA REPORTS FOURTH-QUARTER AND FULL- YEAR 2014 RESULTS

INTERACTIVE DATA REPORTS FOURTH-QUARTER AND FULL- YEAR 2014 RESULTS Press Release INTERACTIVE DATA REPORTS FOURTH-QUARTER AND FULL- YEAR 2014 RESULTS New York February 12, 2015 Interactive Data Corporation today reported its financial results for the fourth quarter and

More information

Pioneer Announces Business Results for 2Q Fiscal 2008

Pioneer Announces Business Results for 2Q Fiscal 2008 For Immediate Release October 31, 2007 Pioneer Announces Business Results for 2Q Fiscal 2008 TOKYO Pioneer Corporation today announced its consolidated second-quarter and semiannual business results, and

More information

KYODO PRINTING CO., LTD. and Consolidated Subsidiaries

KYODO PRINTING CO., LTD. and Consolidated Subsidiaries KYODO PRINTING CO., LTD. and Consolidated Subsidiaries Interim Consolidated Financial Statements (Unaudited) for the, Interim Consolidated Balance Sheets, as compared with March 31, (Unaudited) ASSETS,

More information

TORSTAR CORPORATION REPORTS SECOND QUARTER RESULTS

TORSTAR CORPORATION REPORTS SECOND QUARTER RESULTS PRESS RELEASE TORSTAR CORPORATION REPORTS SECOND QUARTER RESULTS TORONTO, ONTARIO (Marketwired July 30, 2014) Torstar Corporation (TSX:TS.B) today reported financial results for the second quarter ended

More information

Microsoft Cloud and Hardware Results Drives Fourth Quarter Performance

Microsoft Cloud and Hardware Results Drives Fourth Quarter Performance Microsoft Cloud and Hardware Results Drives Fourth Quarter Performance Commercial cloud annualized revenue run rate now exceeds $8 billion; Computing and Gaming Hardware, including Xbox and Surface, deliver

More information

Interim Consolidated Financial Statements (Unaudited)

Interim Consolidated Financial Statements (Unaudited) Interim Consolidated Financial Statements (Unaudited) For the Six Months Ended, NTT FINANCE CORPORATION This document has been translated and reclassified from a part of the Japanese

More information

Snap-on Announces Third Quarter 2009 Results

Snap-on Announces Third Quarter 2009 Results Release: IMMEDIATE Snap-on Announces Third Quarter 2009 Results Sales of $581.8 million and EPS of $0.44 for the third quarter of 2009; Financial Services transition on track; Continued strong operating

More information

SUMITOMO DENSETSU CO., LTD. AND SUBSIDIARIES. Consolidated Financial Statements

SUMITOMO DENSETSU CO., LTD. AND SUBSIDIARIES. Consolidated Financial Statements SUMITOMO DENSETSU CO., LTD. AND SUBSIDIARIES Consolidated Financial Statements Report of Independent Public Accountants To the Board of Directors of Sumitomo Densetsu Co., Ltd. : We have audited the consolidated

More information

THE WALT DISNEY COMPANY REPORTS RECORD QUARTERLY EARNINGS FOR THE FIRST QUARTER OF FISCAL 2016

THE WALT DISNEY COMPANY REPORTS RECORD QUARTERLY EARNINGS FOR THE FIRST QUARTER OF FISCAL 2016 FOR IMMEDIATE RELEASE February 9, THE WALT DISNEY COMPANY REPORTS RECORD QUARTERLY EARNINGS FOR THE FIRST QUARTER OF FISCAL Global success of Star Wars: The Force Awakens drove record quarterly operating

More information

EARNINGS RELEASE FOR THE QUARTER ENDED SEPTEMBER 30, 2015

EARNINGS RELEASE FOR THE QUARTER ENDED SEPTEMBER 30, 2015 21ST CENTURY FOX REPORTS FIRST QUARTER INCOME FROM CONTINUING OPERATIONS PER SHARE OF $0.34 AND FIRST QUARTER TOTAL SEGMENT OPERATING INCOME BEFORE DEPRECIATION AND AMORTIZATION OF $1.54 BILLION ON TOTAL

More information

HARMONIC DRIVE SYSTEMS INC. AND CONSOLIDATED SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS MARCH 31, 2013

HARMONIC DRIVE SYSTEMS INC. AND CONSOLIDATED SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS MARCH 31, 2013 HARMONIC DRIVE SYSTEMS INC. AND CONSOLIDATED SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS MARCH 31, 2013 HARMONIC DRIVE SYSTEMS INC. AND CONSOLIDATED SUBSIDIARIES CONSOLIDATED BALANCE SHEETS ASSETS

More information

Mitsubishi Electric Announces Consolidated Financial Results for the First 9 Months and Third Quarter of Fiscal 2016

Mitsubishi Electric Announces Consolidated Financial Results for the First 9 Months and Third Quarter of Fiscal 2016 MITSUBISHI ELECTRIC CORPORATION PUBLIC RELATIONS DIVISION 7-3, Marunouchi 2-chome, Chiyoda-ku, Tokyo, 100-8310 Japan FOR IMMEDIATE RELEASE No. 2989 Investor Relations Inquiries Investor Relations Group

More information

JOHN WILEY & SONS, INC. UNAUDITED SUMMARY OF OPERATIONS FOR THE FIRST QUARTER ENDED JULY 31, 2011 AND 2010 (in thousands, except per share amounts)

JOHN WILEY & SONS, INC. UNAUDITED SUMMARY OF OPERATIONS FOR THE FIRST QUARTER ENDED JULY 31, 2011 AND 2010 (in thousands, except per share amounts) UNAUDITED SUMMARY OF OPERATIONS FOR THE FIRST QUARTER ENDED JULY 31, 2011 AND 2010 (in thousands, except per share amounts) US GAAP First Quarter Ended Revenue $ 430,069 407,938 5% Costs and Expenses Cost

More information

Consolidated Financial and Performance Review for the First Quarter of Fiscal Year Ending March 2007 July 28, 2006

Consolidated Financial and Performance Review for the First Quarter of Fiscal Year Ending March 2007 July 28, 2006 Consolidated Financial and Performance Review for the First Quarter of Fiscal Year Ending March 2007 July 28, 2006 Company Name: URL: Representative: Inquiries: Kenwood Corporation (Code No. 6765, Stock

More information

Delphi Reports Third Quarter 2015 Financial Results

Delphi Reports Third Quarter 2015 Financial Results Delphi Reports Third Quarter 2015 Financial Results GILLINGHAM, England - Delphi Automotive PLC (NYSE: DLPH), a leading global vehicle components manufacturer, today reported third quarter 2015 U.S. GAAP

More information

TransUnion Reports Third Quarter 2014 Results

TransUnion Reports Third Quarter 2014 Results TransUnion Reports Third Quarter 2014 Results Revenue of $338 million, an increase of 13 percent on a GAAP basis (14 percent on a constant currency basis) compared with the third quarter of 2013 Adjusted

More information

INTERACTIVE DATA CORPORATION REPORTS SECOND-QUARTER RESULTS AND REAFFIRMS 2004 OUTLOOK

INTERACTIVE DATA CORPORATION REPORTS SECOND-QUARTER RESULTS AND REAFFIRMS 2004 OUTLOOK INTERACTIVE DATA CORPORATION REPORTS SECOND-QUARTER RESULTS AND REAFFIRMS 2004 OUTLOOK Second-quarter Revenue Increases 6.7%; Net Income Increases by 7.5% BEDFORD, Mass July 22, 2004 Interactive Data Corporation

More information

Condensed Consolidated Interim Financial Statements Q4 2014. aegon.com

Condensed Consolidated Interim Financial Statements Q4 2014. aegon.com Condensed Consolidated Interim Financial Statements Q4 2014 aegon.com The Hague, February 19, 2015 Table of contents Condensed consolidated income statement 2 Condensed consolidated statement of comprehensive

More information

Strength in Microsoft Cloud Highlights Q3 Results

Strength in Microsoft Cloud Highlights Q3 Results Strength in Microsoft Cloud Highlights Q3 Results Increasing usage of Microsoft Azure, Office 365, Bing and Xbox Live contributes to Q3 growth REDMOND, Wash. April 23, 2015 Microsoft Corp. today announced

More information

FINANCIAL SUPPLEMENT December 31, 2015

FINANCIAL SUPPLEMENT December 31, 2015 FINANCIAL SUPPLEMENT December 31, 2015 Monster Worldwide, Inc. (together with its consolidated subsidiaries, the Company, Monster, we, our or us ) provides this supplement to assist investors in evaluating

More information

Consolidated Financial Review for the Second Quarter Ended September 30, 2014

Consolidated Financial Review for the Second Quarter Ended September 30, 2014 Consolidated Financial Review for the Second Quarter Ended September 30, 2014 TOKYO ELECTRON Oct 29, 2014 Company name: Tokyo Electron Limited URL: http://www.tel.com Telephone number: (03) 5561-7000 Stock

More information

Corus Entertainment Announces Fiscal 2014 Third Quarter Results

Corus Entertainment Announces Fiscal 2014 Third Quarter Results Corus Entertainment Announces Fiscal 2014 Third Quarter Results Consolidated revenues up 14% for the quarter and 11% year to date Consolidated segment profit up 23% for the quarter and 16% year to date

More information

DELPHI REPORTS FOURTH QUARTER AND FULL YEAR 2014 FINANCIAL RESULTS

DELPHI REPORTS FOURTH QUARTER AND FULL YEAR 2014 FINANCIAL RESULTS DELPHI REPORTS FOURTH QUARTER AND FULL YEAR 2014 FINANCIAL RESULTS GILLINGHAM, England - Delphi Automotive PLC (NYSE: DLPH), a leading global vehicle components manufacturer, today reported fourth quarter

More information

Consolidated Financial Results for the First Three Quarters of the Fiscal Year Ending March 31, 2016 (Japan GAAP)

Consolidated Financial Results for the First Three Quarters of the Fiscal Year Ending March 31, 2016 (Japan GAAP) Consolidated Financial Results for the First Three Quarters of the Fiscal Year Ending March 31, 2016 (Japan GAAP) Name of Listed Company: Yokogawa Electric Corporation (the Company herein) Stock Exchanges

More information

of Fiscal 2006 (Consolidated)

of Fiscal 2006 (Consolidated) Outline of Financial Results for the 3rd Quarter of Fiscal 2006 (Consolidated) Feb.3, 2006 For Immediate Release Company Name (URL http://www.fhi.co./jp/fina/index.html ) : Fuji Heavy Industries Ltd. (Code

More information

Thomas A. Bessant, Jr. (817) 335-1100

Thomas A. Bessant, Jr. (817) 335-1100 Additional Information: Thomas A. Bessant, Jr. (817) 335-1100 For Immediate Release ********************************************************************************** CASH AMERICA FIRST QUARTER NET INCOME

More information

PAYCHEX, INC. REPORTS THIRD QUARTER RESULTS

PAYCHEX, INC. REPORTS THIRD QUARTER RESULTS PAYCHEX, INC. REPORTS THIRD QUARTER RESULTS March 25, 2015 THIRD QUARTER FISCAL 2015 HIGHLIGHTS Total service revenue increased 8% to $693.6 million for the third quarter; 9% for the nine months. Payroll

More information

ASM INTERNATIONAL N.V. REPORTS THIRD QUARTER 2015 RESULTS

ASM INTERNATIONAL N.V. REPORTS THIRD QUARTER 2015 RESULTS Almere, The Netherlands October 28, 2015 ASM INTERNATIONAL N.V. REPORTS THIRD QUARTER 2015 RESULTS ASM International N.V. (Euronext Amsterdam: ASM) today reports its third quarter 2015 operating results

More information

FY2011 Third Quarter Consolidated Financial Results (Prepared in accordance with U.S. GAAP) (Period ended December 31, 2011) (Unaudited)

FY2011 Third Quarter Consolidated Financial Results (Prepared in accordance with U.S. GAAP) (Period ended December 31, 2011) (Unaudited) FY2011 Third Quarter Consolidated Financial Results (Prepared in accordance with U.S. GAAP) (Period ended December 31, 2011) (Unaudited) Advantest Corporation (FY2011 Q3) January 27, 2012 Company name

More information

THE WALT DISNEY COMPANY REPORTS THIRD QUARTER AND NINE MONTHS EARNINGS FOR FISCAL 2015

THE WALT DISNEY COMPANY REPORTS THIRD QUARTER AND NINE MONTHS EARNINGS FOR FISCAL 2015 FOR IMMEDIATE RELEASE August 4, THE WALT DISNEY COMPANY REPORTS THIRD QUARTER AND NINE MONTHS EARNINGS FOR FISCAL BURBANK, Calif. The Walt Disney Company today reported record quarterly earnings of $2.5

More information

QUARTERLY REPORT For the six months ended September 30, 2012 010_0774017502412.indd 2 2012/12/21 11:54:11

QUARTERLY REPORT For the six months ended September 30, 2012 010_0774017502412.indd 2 2012/12/21 11:54:11 QUARTERLY REPORT For the six months ended September 30, 2012 QUALITATIVE INFORMATION (1) Qualitative Information Relating to Consolidated Quarterly Operating Results During the first half of the fiscal

More information

Consolidated Financial Results for the Nine-Month Period Ended December 31, 2015 (Japan GAAP)

Consolidated Financial Results for the Nine-Month Period Ended December 31, 2015 (Japan GAAP) Consolidated Financial Results for the Nine-Month Period Ended December 31, 2015 (Japan GAAP) February 4, 2016 Company name: SQUARE ENIX HOLDINGS CO., LTD. Shares traded: Tokyo Stock Exchange, First Section

More information

Consolidated Settlement of Accounts for the First 3 Quarters Ended December 31, 2011 [Japanese Standards]

Consolidated Settlement of Accounts for the First 3 Quarters Ended December 31, 2011 [Japanese Standards] The figures for these Financial Statements are prepared in accordance with the accounting principles based on Japanese law. Accordingly, they do not necessarily match the figures in the Annual Report issued

More information

CORNING INCORPORATED AND SUBSIDIARY COMPANIES CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited; in millions, except per share amounts)

CORNING INCORPORATED AND SUBSIDIARY COMPANIES CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited; in millions, except per share amounts) CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited; in millions, except per share amounts) Three months ended March 31, 2006 2005 As Restated Net sales $ 1,262 $ 1,050 Cost of sales 689 621 Gross margin

More information

BlackBerry Reports 2015 Fiscal First Quarter GAAP Profitability

BlackBerry Reports 2015 Fiscal First Quarter GAAP Profitability NEWS RELEASE FOR IMMEDIATE RELEASE June 19, BlackBerry Reports 2015 Fiscal First Quarter GAAP Profitability Waterloo, ON BlackBerry Limited (NASDAQ: BBRY; TSX: BB), a global leader in mobile communications,

More information

COTT ANNOUNCES FIRST QUARTER 2012 RESULTS AND SHARE REPURCHASE PROGRAM FOR UP TO $35 MILLION IN COMMON SHARES

COTT ANNOUNCES FIRST QUARTER 2012 RESULTS AND SHARE REPURCHASE PROGRAM FOR UP TO $35 MILLION IN COMMON SHARES CONTACT: Michael C. Massi Investor Relations Tel: (813) 313-1786 Investor.relations@cott.com COTT ANNOUNCES FIRST QUARTER 2012 RESULTS AND SHARE REPURCHASE PROGRAM FOR UP TO $35 MILLION IN COMMON SHARES

More information

Brief Statement of the Third Quarter Financial Results for the Fiscal Year Ending March 2016 [Japanese GAAP (Consolidated)]

Brief Statement of the Third Quarter Financial Results for the Fiscal Year Ending March 2016 [Japanese GAAP (Consolidated)] (Translation for reference only) In the event of any discrepancy between this translated document and the original Japanese document the original document shall prevail. Brief Statement of the Third Quarter

More information

Contact Christopher Mecray D +1 215 255 7970 Christopher.Mecray@axaltacs.com

Contact Christopher Mecray D +1 215 255 7970 Christopher.Mecray@axaltacs.com Axalta Coating Systems 2001 Market Street Suite 3600 Philadelphia, PA 19103 USA Contact Christopher Mecray D +1 215 255 7970 Christopher.Mecray@axaltacs.com For Immediate Release Axalta Releases Second

More information

Closing Announcement of First Quarter of the Fiscal Year Ending March 31, 2009

Closing Announcement of First Quarter of the Fiscal Year Ending March 31, 2009 Member of Financial Accounting Standards Foundation Closing Announcement of First Quarter of the Fiscal Year Ending March 31, 2009 Name of Listed Company: Arisawa Mfg. Co., Ltd. Listed on the 1st Section

More information

Contact: Ken Bond Deborah Hellinger Oracle Investor Relations Oracle Corporate Communications 1.650.607.0349 1.212.508.7935

Contact: Ken Bond Deborah Hellinger Oracle Investor Relations Oracle Corporate Communications 1.650.607.0349 1.212.508.7935 For Immediate Release Contact: Ken Bond Deborah Hellinger Oracle Investor Relations Oracle Corporate Communications 1.650.607.0349 1.212.508.7935 ken.bond@oracle.com deborah.hellinger@oracle.com ORACLE

More information

ANNOUNCEMENT OF FINANCIAL RESULTS

ANNOUNCEMENT OF FINANCIAL RESULTS FOR IMMEDIATE RELEASE Media Contacts: Investor Relations Contacts: February 3, 2015 Megumi Kitagawa (Japan) Yukie Takakuwa (Japan) Public Relations Group Disclosure & Investor Relations Office (Tel: +81-3-3574-5664)

More information

NXP Semiconductors Reports Third Quarter 2015 Results

NXP Semiconductors Reports Third Quarter 2015 Results Q3 Revenue $1,522 million GAAP Gross margin 48.6% GAAP Operating margin 24.6% GAAP Diluted earnings per share $1.49 Non-GAAP Gross margin 49.1% Non-GAAP Operating margin 29.5% Non-GAAP Diluted earnings

More information

EMC CORPORATION Consolidated Income Statements (in thousands, except per share amounts) Unaudited

EMC CORPORATION Consolidated Income Statements (in thousands, except per share amounts) Unaudited EMC CORPORATION Consolidated Income Statements (in thousands, except per share amounts) March 31, March 31, 2012 2011 Revenues: Product sales $ 3,068,857 $ 2,931,259 Services 2,025,521 1,676,359 5,094,378

More information